EDPUZZLE: What You Need to Know About Form W-4                
In the last resource you learned how the W-4 form is different from other tax forms. Let’s take another look at this important tax form you’ll need to fill out when you get a new job. Watch this video and answer the questions on your worksheet.

REFERENCE: Updated Tax Figures
Throughout this lesson, you may notice that tax figures vary based on the year the resource was created. Review this slide that details the most updated tax figures before proceeding. Be sure to come back to this reference if you have any questions about whether or not a person meets a specific requirement.

REFERENCE: Can I Claim Them As A Dependent?
Whether or not you’re a dependent not only has an effect on your tax situation, but also those who could claim you as a dependent. Whether or not you’re a dependent might be more complicated to determine than you think. Review the reference to learn about who qualifies as a dependent. Then, answer the question on your worksheet.

REFERENCE: Do I Need to File a Tax Return?                     
As a teen, filing a tax return can be a mostly straight-forward process. However, you may be wondering how that process changes if someone claims you as a dependent or if you are a self-employed worker or household employee. Read through this reference to learn more about what to do in these scenarios. Then, answer the questions on your worksheet.

LEARNING TARGETS:

• I can identify key facts about taxes and the tax cycle.
• I can explain who qualifies to be claimed as a dependent for tax purposes.
• I can determine whether or not a person is required to file taxes.
• I can identify important dates within the tax cycle.
• I can compare tax forms and their purpose.
• I can analyze a W-4 form.